How To Make Money From Offshore Sports Betting With 3 Advantage Plays

Don’t Worry, We Show You A Few Methods To Create Reliable Extra Income Legitimately

Firstly, many people automatically think Betting = Gambling. Big Misconception. We do bet but don’t count on luck or chance. Instead, we do 6 Advantage Plays based on mathematical edge to beat the bookies, casino & bingo. When it comes to the Sports Betting, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Tipsters to lock-in profit or consistently earn extra income for long-term. As our name Global Extra Money (GEM) implies, we would like our readers to exploit such reliable money making opportunities in worldwide. Therefore, in this document, we share a few specific methods enabling you to make Offshore* Sports Betting.
*Offshore: To avoid any confusion, in this document, I define Offshore Sports Betting as The Bet On Sports By Using Foreign Based Online Bookmakers & Betting Exchanges, Which You Can Legitimately Access From Your Jurisdiction.

I summarized comprehensive tables showing you Which Countries can do Which Advantage Plays & How in the last Conclusion section. Hope this will help you grab the whole picture conveniently.

Flash News

For US Citizens, long-awaited sports betting legalization just started. On 14 May 2018, the Supreme Court struck down PASPA (Professional and Amateur Sports Protection Act in 1992), federal law which opens the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year. Means, US bettors will no longer be forced into the black market to use offshore wagering operations or illicit bookies. Placing bets will be done on mobile devices, fueled and endorsed by the lawmakers and sports officials who opposed it for so long. Watch the below CBS news;

So, US Players, it’s time for you to consider the reliable money making methods we share in this document. Besides, we also issued special guide of Bitcoin Betting – Ultimate Way To Lock-In Profits From Anywhere In The World, which will give US Citizens specific instructions on how to make thousands of risk-free extra income with real examples, so make sure you take time to check the contents, it’s really worth.

1. Advantage Plays Basic Strategies

We draw scenarios of offshore betting assuming the players would pursue the 3 advantage plays of sports betting. We suggest people take progressive move for the advantage plays, namely;

Starting from Matched Betting (see Dummies Guide) / Sports Arbitrage (see Cheat-sheet for Dummies). Because these are basically risk-free and you can lock-in profit from almost every bet. Means you can start safely, which will help change your mindset toward betting activities/gambling.

Comparing between matched betting & sports arbitrage, many people feel more comfortable to start matched betting first because you can do it easier with smaller bank.

However, these 2 methods could be more short-lived down the road due to the ever-tightening soft bookies’ account restriction. See the rationale in Know Bookies’ Business Model. Besides, these methods are all about scalping small margins. Therefore, people often feel frustrated with limited profit scale in each bet comes from the risk-hedging nature.

Thus, evolving into Value Betting On Proven Tipsters which is more scale with better efficiency for long-term is a natural move as an ultimate betting activity.

Progression Tactics

Allow me to emphasize that the above progression tactics is logical and the safest approach for newbies. Please see the whole picture in 3 Advantage Gambling in Sports Betting – Guide For Ordinary People To Beat Bookies. So, wherever you reside, if you’re new to Betting, suggest firstly seek if you can start up with matched betting or sports arbitrage. Once you exploit these opportunities, you can move to the value betting on top tipsters.

We will show you what you would need & how you can possibly pursue each advantage play successfully in the following sections;

2. Worldwide Online Gambling Law, Tax & Security

Law

All countries around the world have their own laws and legislation regarding gambling of all kinds. According to Simon’s Guide To Online Gambling Legal Status and Laws, except for 8 countries in the world (Cyprus, Poland, North Korea, United Arab Emirates, Singapore, Brunei, Cambodia), players gambling online have little to worry about.

Who Face What Risk

The blog continues that as a rule of thumb, governments mostly penalize illegally operating gambling firms and rogue online gambling websites but not the players. If you are a playing online in the privacy of your own home, being prosecuted is extremely unlikely except the above 8 countries.

To check the detail of your own jurisdiction status, go interactive map (the below image) of the above blog;
being prosecuted is extremely unlikely except the above 8 countries (Click To Enlarge)

In short, unless you plan to start betting related business, realistically most of you are likely to bet online without any penalty. The issue is how you are able to open an account of the bookies you need for advantage plays.

Tax

The tax we refer to is only Winnings From Betting of individual punter and not the activities related to gambling provider/business. Simply put, there are only 2 options of gambling tax;

No Tax – 100% exempted, typical case is UK. It applies not only to casual punters but also professional punters (those who use gambling income for living). Because HMRC (UK tax office) do not recognize professional gambling as a taxable trade. See BIM22017 No single report is required.

As seen from the list, there are a variety of different attitudes towards taxation on winnings from different types of gambling. Looks, there are more no taxation countries than taxation countries. When it comes to specifically sports betting, taxation countries are the minority. So, for those who reside in the jurisdiction of No Tax but not have had a chance to do sports betting, it’s a good opportunity to make the best use of your government’s generous tax system.

Note

We are not in the position to make any tax advice to any of the readers, so please ensure you consult your qualified tax specialist before you take any decision on the tax.

Security & Caution

Each online bookmaker has their own policy of the restricted countries, which may be different from the law. You can use Bookmakers Restricted Countries List, where you can check if you can access the specific bookmaker you intend from the jurisdiction you reside;

Some bookies ask for it right after registration, some may not ask until you start withdrawal. In case you fail to verify, your account will be suspended & your winnings could be confiscated, which is a disaster. So, don’t believe rogue site’s unfounded story lightly. Unless you have a reliable person who allows you to use the above personal information willingly (probably only immediate family or extremely close friend), you’d better forget about this approach.

If you have such reliable source then you need reliable VPN. Based on our members’ feedback, this VPN is supposed to be the best from the viewpoints of the strongest security, high speed, versatility (accessible countries) & cost – – for further details, see Best VPN For Betting – Why Sharp Needs Privacy

Bookies

Incidentally, all the bookmakers we name not only in this article but also in our entire site are needless to say legitimate and being regulated by UK Gambling Commission or prominent gaming control board such as International Association of Gaming Regulators (IAGR), North American Gaming Regulators Association (NAGRA) & Gaming Regulators European Forum (GREF) etc. So, basically they are remote from scum, fraud or any wrong doing. However, too much winnings could cause a big headache for everybody such as Bet365 over £1m payout Megan McCann court battle, so Be Modest, Just FYI.

Now, let’s move to the specific tactics on each advantage play.

3. Offshore Sports Betting – Matched Betting

What You Need for Offshore Sports Betting Matched Betting

In order to make money from matched betting, you need Soft Bookies, Betting Exchange & Basic Tools;

In fact, the majority of online bookies are such Soft Bookies. On top of the above Bookmaker’s Restricted Countries List, you may use Bookmakers By Each Country, which lists nearly 150 countries. It shows the most popular bookies in each jurisdiction although it is not necessarily available as seen from the below screenshot. Nevertheless, it’s a good source.
Bookmakers By Each Country (click to enlarge)

Bet Exchange

The established betting exchanges are, Betfair, Betdaq, SMarkets & Matchbook. In short, you need bet exchange to cover all the outcomes efficiently for risk-free transaction. You can also use Dutching but it will limit the opportunities. Check which bet exchange is available in your country. For the latest information about Restricted Countries of each exchange, go my separate report & check Betting Exchange Sign-Up Strategies Section.

Basic Tools

Although you can do matched betting manually, basic Tools, such as Odds Matcher & Matched Betting Calculator will save your time a lot. You can search the matched betting opportunity and calculate lay stake & predicted profit very easy. There are free tools as well as paid advanced tools.

Process Of Offshore Sports Betting Matched Betting

Prerequisite

Firstly, check your accessibility to the soft bookies. If none, then forget about this opportunity. As said at the beginning, we would never suggest VPN tactics (except Bitcoin Betting Sites). Although there is very little chance of being prosecuted, the risk of financial loss (the confiscation of your fund or forfeiture of your winnings etc) is too big.

If you have decent number of accessible soft bookies, go next step. Well you may ask, how many is the decent number. Theoretically, you can do it when you can access even only 1 – 2 soft bookie(s). For example,

Both BetOnline & Sports Betting (BetOnline Group) open to any players from all over the world without any restricted countries. These Caribbean bookmakers (Panama) provide a lot of juicy offers but hardly gubb your account. In fact, we have never heard the case of gubbing except certain stake limit. A few of our members have enjoyed both matched betting & sports arbitrage using BetOnline & Sports Betting. High quality oddsmatcher such as Oddsmonkey covers Betonline and always captures a lot of good opportunities as below;

Anyhow, as long as the bookmaker offer you a welcome bonus, you can construct the matched betting Without Any Cost as being explained later. It is just a matter of how you value the return on your time.

Betting Exchange Access 1 – Bet Broker Service

If you can’t access a betting exchange, consider using bet broker. Bet Broker is a middleman between you & the offshore bookies & betting exchanges which you can’t usually access due to geographical location. It’s a convenient service but you’re not depositing money to the established bookmakers & betting exchanges, so you need a careful risk management. Therefore, before opening any accounts, strongly suggest seeing our Honest Opinion About Bet Broker & How To Use Them Safely & Smartly.

As long as we see, the following 2 bet brokers are the proper candidates because they cover at least 1 betting exchange;

Sportmarket – UK, France & USA Not allowed / accessible to Betdaq, Matchbook & Betfair (but with very complicated T&C for each country);We periodically run Get €50 Offer, so also check Sports Betting Brokerage Offers if it’s available now.

Betting Exchange Access 2 – Betfair White Label

The above bet brokers provide good accessibility & full capacity usage especially for Matchbook & Betdaq but have certain limitation to Betfair access. Betfair is the world leading betting exchange providing the largest market coverage & highest liquidity. Although Betfair restrict many countries, they started actively exploring missing profit opportunities in those restricted countries by providing White Label solution. Means people can enjoy exactly identical Betfair platform under re-branded site. It’s typically described as “Powered By Betfair” in the site where Betfair white label approach is used. we have separately issued the report of Befair Alternatives – Select The Best Option To Suit Your Unique Needs, where you will find Betfair White Labels providing effectively Betfair Identical platform. Very briefly, you may consider the following 2 options;

Orbit Exchange Provided By Bet-Football (they are a bet broker that offer also Betdaq, Matchbook exchanges as well as various sharp bookies) – UK, France, Turkey & USA Not allowed

Betting Exchange Access 3 – Pinnacle

If you can access to Pinnacle, the world best sports-book for professional punters – see full details of this excellent bookie in our Full Review,you can use it as an alternative of betting exchange. How? Take a look at Pinnacle Arbitrage – Alternative to Laying on ExchangesEven you can’t access directly, all the bet brokers provide you with Pinnacle account. In any case, using Pinnacle as an alternative to bet exchange will definitely expand your matched betting options.

For those who can’t access to Betting Exchange in any means of the above methods (especially for US Citizens), the last resort is using Bitcoin Betting Exchanges, there are 2 following established Bitcoin Betting Exchanges (for full details, check Bitcoin Betting Unrivaled Guide) ;

Only e-mail (on top of setting up User Name & PW) is required as personal information to open an account

Commission on winning: 4% (higher than Fairlay which is said to be compensated by better odds though, not sure)

No personal information including e-mail is needed to register, the only requirement is Setting User Name & PW

Restricted Country: UK (T&C says We reserve the right to block your account if we find it’s from the UK. In this case if the account balance is not empty, we will reimburse the funds to the origin bitcoin address.) so, use VPN.
Start: Register & Claim 100% Deposit Bonus Up To 1 BTC.

Matched Betting Basic Tool – No Cost Tactics

If you can access to both Soft Bookies & Betting Exchange, you can start matched betting immediately. For the basic tools, use Free Matched Calculator & Free Oddsmatcher. This free oddsmatcher covers around 80 bookies, If your bookmaker is not a part of it, you need to seek the opportunity manually. BTW, for those who are not familiar with matched betting, you can learn from Matched Betting Guide & Quick List of Matched Betting Instructions For beginners to intermediate level, access to our Free Program of GEM Extra Money Program £/€/$ 50,000 Conquest. It’s a well designed practical course for any of you to make profit from all the 6 advantage plays as long as you follow the instruction.

The crucial factor in this case is the quality of Software. From this perspective, Oddsmonkey, of which oddsmatcher covers over 130 bookies, must be the most appropriate. Please take a look at our full review on Oddsmonkey.

4. Offshore Sports Betting – Sports Arbitrage

What You Need For Offshore Sports Betting Sports Arbitrage

In order to make money from arbitrage betting, you need Both Soft & Sharp Bookies and High Quality Tool;

Arb Finding Software: The flash odds changes do prevent you from making the decent profit if you search arb opportunities manually or with free software that gives you only obsolete information. Therefore, investing in the quality software is essential. What you need is arb specialized software or oddsmatcher (see Sports Arbitrage Option section)

Process Of Offshore Sports Betting Sports Arbitrage

Prerequisite

Same as the matched betting, you need soft bookies. But this time we don’t need their promotional offer but use their slow odds adjustment. This is because the profit source of Sports Arbitrage comes from Market Inefficiencies that creates under-round condition when we cover all the outcomes of a sports event. Means, we locate an arbitrage opportunity when bookmakers present different but sufficiently high odds on each side of an event. That often happens between a soft and a sharp bookmaker. It is difficult to place arbs among only sharp bookies because they are very fast at adjusting odds. Therefore, we need both soft & sharp bookies.

So, again if you’re not able to access to soft bookies, it’s better to skip this advantage play. Because keep chasing arb opportunities among sharp bookies or with just a few soft bookies most probably just waste your time. Considering the cost of high-quality software subscription, we would say you need at least 10 soft bookies to make the decent profit.

Sharp Bookies Access – Direct Sign-Up or Bet Broker Service

As briefly said, the sharp bookies are from Asian & Caribbean Regions. Let me list up the names;

Click each bookie’s name, and if “Rejected” message like below doesn’t come out, you may possibly (not guaranteed) be able to register directly;

When it comes to Asian Bookies & Pinnacle, even if you can open an account directly, you may consider using Bet Brokers. You can place a bet at multiple sharp bookies via bet broker’s single account, very efficient. See the list of Bookies each bet broker covers as follows;

Sports Arbitrage Option

Arb Between Bookmaker & Betting Exchange

We have suggested that, among 3 advantage plays, people should start matched betting first if possible because of the easier process with lesser chance to make mistake. Then, for those who already do matched betting, you can use betting exchange for sports arbitrage. High quality oddsmatcher like Oddsmonkey can always capture arb opportunities (simply put, it is the condition of higher back odds at bookmaker than lay odds at betting exchange). For further details, take a look at Arbitrage Betting – Use Exchange & Extend Matched Betting ProfitsThis sports arbitrage tactics will expand your matched betting profit.

5. Offshore Sports Betting – Value Betting Without Hedge

Actually, the advantage play is pursuing positive EV (Expected Value) opportunity that is a Value Bet. Both Matched Betting & Sports Arbitrage are based on value betting, and since we use hedge namely betting all the outcomes, thus we can secure profits without risk.

On the other hand, Value Betting Without Hedge is not a risk-free, we have to prepare for Variance but as long as you take only Value Bet (+EV), you will not lose but surely be profitable in long-term.

Unlike matched betting & sports arbitrage which scalp a lot of small earnings, Value Bet’s ROI is much bigger without hedge thus much more efficient.

Generally speaking, punters at betting exchange work at the low margin because they compete for each other especially in lay bet side. You can observe it in over-round % displayed at each back & lay odds in each market. In the lay side, it’s often less than 100% that is under-round. Considering the fact that bookmaker’s over-round of 10% < is not unusual, the odds at exchange is much better than the bookmakers even deducting 2 – 5% exchange commission.

In bet exchange, back & lay adds are determined by market demand, and these 2 odds are displayed side by side. Needless to say, back odds is always lower than lay odds. It is not necessarily the gap between these 2 odds is very narrow but reasonably close. Then, when the bookmaker’s odds becomes higher than betting exchange back odds, arbitrage condition can possibly be created. Therefore, betting exchange back odds can’t be lower than bookmaker’s odds.

See the below snapshot of horse racing at odds checker table. The best odds are dominated by the bet exchanges of 3 columns at the right end;
horse racing in odds checker table (click to enlarge)

The bottom-line here is for those who bet on top rated tipsters / system, they may find even better odds at exchange than the tipster’s suggested price of conventional bookmakers.

Proven Tipsters (Handicapper) / System

There are hundreds of Self-Claim Excellent “Tipsters” or Tipster Ranking Sites rating based on ROI. However, it’s said that majority of such top tipsters give you disappointing results. Why? A few simple reasons, they cheat the records or manipulate the record, or we don’t know how to correctly read / interpret the records. The bottom-line is that many people fail to identify the true ability of each tipster. We summarized 3 Methods To Eliminate Fake Tipsters & Select Genuine Best, where you will find;

Process Of Offshore Sports Betting Value Bet On Proven Tipsters

Prerequisite

Unlike matched betting & sports arbitrage, you don’t need tens of bookmakers. You can sign up at least a few sharp bookies, which everybody in the world can do either directly or via bet brokers as already explained.

The most important & hardest task is finding a true excellent value bet finder / tipster (handicapper) / betting system. You can look for the one by your own research using the above methods & checklist.

But, we will provide you with the below 4 systems based on our years of the research & experiences, which may save your time. The first 2 are Value Betting Finding Software (you can use Soft Bookies as well), then followed by Human Tipster rating service and finally Human & Machine Integrated System;

Trademate Sports Value Bet Finder Software – For Worldwide Players

This is a Value Bet Finding Software, founded in Noway in 2014. Many of our members reported “Consistent Earnings Without Any Single Losing Month”. We examined Trademate Core by ourselves and we now feel it’s a Genuine Long-Term Solution for everyone seeking solid monthly extra income. Check our review and their site

RebelBetting Value Bet Finder Software – For Worldwide Players

As already introduced in Sports Arnitrage section, RebelBetting is famous for the Best Sports Arbitrage Software and they extended their expertise into Value Bets Finder. Needless to say, their proven technology has been well integrated into this Value Betting Software. See our review and check their site

Their Hall Of Fame Tipsters (top 22+ tipsters) are the results of SBC’s over decade’s proofing & rating work, of which rating criteria are very strict. Therefore, their top rated tipsters have large chances to be sustainable for long-term in the future.

Many members report over £10,000 profit last year from SBC service, strongly suggest read the above our review for full details.

ZCode System Human & Machine System – For The Players Anywhere In The World

All of their tips are publicized in the private site & forum, thus being verified by thousands of members.

Actually, their records are verified publicly all the way back to 1999 by back-testing and also forward testing, of which significantly large database prove authentic & reliable numbers.

The tips are produced based on the analysis of over 800 parameters and their rating on all different strategies enables the members to chose the best fit tactics from 120+ available systems.

All of their quoting price is Pinnacle, which gives good base for better profit in long-term.

Value Bet Instruction with A Model Example

The best way is going to our full review documents of the above 2 systems, where you can find the specific step-by-step process. However, just let me quickly share the safe model as an example, which includes basic money management & expected profit in ZCode System.

Money Management – Decide Your Betting Unit

Let’s assume your initial bank is $2,000.

Allocate 1% of your bank for your each bet, means $20 / bet. Nothing is set on stone with this allocation, but if you’re are a newbie, this is very safe approach. So, $20 is your 1 Betting Unit.

Chose The Systems & Place Bet

Let’s use Top Performing Auto System Ranking, and say you follow the current top system (based on the last 3 months active records), which is NHL Stalker System with around 29% ROI.

Means you can expect $5.8 profit from every 1 Unit ($20 bet) for long-term (don’t get me wrong, this is an expected value in long-term, in short-term you may face losing streak due to the variance). The suggested tip varies 0.5 – 5 units based on the confidence on each event.

Expected Profit

If you place 60 units/month (average 2 units/day), you expect $348 profit by risking $1,200, 60% of your total bank every month.

If you get 75% discount of ZCode subscription (go to the page of Z Code 75% Permanent Discount Opportunity & check if the link is currently activated) your net profit will be around $300 / month. 15% return against your total bank of $2,000 or 25% return against the fund you risked.

Bear it in mind, the suggestion of units/stake differs from each system or expert’s picks. This is by far the safest profit model. It is based on the money management of 1% betting unit by risking 60% of your total bank, means your 40% of your total bank is completely intact & treat it as a reserve.

If you increase 1 unit from 1% to 2%, the return will be double but so as the risk. Same as increasing the units you place/month. Simply, the return corresponds with risk proportionally.

You can withdraw the profit every month by keeping the original bank or you can re-invest your profit. In 3 months, your bank would be $3,000 from $2,000. Then your 1 Unit will have become $30 thus the monthly profit will be $473, 58% profit growth compared to the 1st month. The burden of your subscription fee will get smaller & smaller, and you will be amazed to see the power of compounding investment.

Stick To The System For A While

Importantly, once you select the system, stick to it for a while. Never change just because you face loosing streaks which is a formula of failure. You can’t always win, loosing is inevitable, but if the system you choose is top rated, you will be profitable at the end of the day.

6. Offshore Sports Betting – Conclusion

Except 8 Countries where online gambling is banned, you can do offshore sports betting advantage plays.

Matched Betting – Every punter except the USA where no betting exchanges are accessible can do & if it’s worth doing or not depends on how you value the return on your time, namely productivity.

Sports Arbitrage – Every punter can do if it’s worth doing or not depends on the expected net profit (profit – software subscription cost) & profit is subject to the number of accessible bookmakers ( need at least 10+ soft bookies & 2-3 sharp bookies or betting exchanges). USA punters may want to take opportunistic approach without paid software to secure profit.

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Discussion

New Comments

Many thanks for your nice words, we actually feel it the biggest reward to our daily effort. We can’t help sharing it in the public Comment Section of the relevant article with just only your Initial, which I hope you don’t mind.

Again, thank you for the encouragement!!

Joshua walker

09-12-2017
Dear Mr. Joshua

Thank you and your super team for posting us the article ‘ offshore betting ‘. Great article. Please take note that your site ‘ G.E.M ‘ IS EXTREMELY WONDERFUL ‘